The Commodity Futures Trading Commission has requested public comment on the application of the North American Derivatives Exchange (Nadex) (formerly known as HedgeStreet) for an amendment to the CFTC orders designating Nadex as a derivatives clearing organization and a designated contract market. Nadex is requesting the amendments to allow intermediated trading on the exchange by customers through registered futures commission merchants in addition to the currently permitted non-intermediated trading. Nadex lists and clears simplified derivative contracts on a variety of equity index, commodity and currency products, as well as binary options on certain financial events.

The comment period closes September 21.

The CFTC press release is available here. The Nadex request letter is available here.